L3Harris Technologies (NYSE:LHX) Posts Earnings Results

L3Harris Technologies (NYSE:LHX) released its quarterly earnings data on Thursday. The company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04, Zacks reports. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. L3Harris Technologies updated its FY 2025 guidance to 10.550-10.850 EPS.

L3Harris Technologies Trading Down 1.3 %

Shares of NYSE:LHX traded down $2.78 during trading on Thursday, reaching $209.17. The stock had a trading volume of 495,426 shares, compared to its average volume of 1,160,506. The business has a fifty day moving average price of $221.93 and a 200-day moving average price of $232.57. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The stock has a market cap of $39.67 billion, a P/E ratio of 33.01, a PEG ratio of 1.75 and a beta of 0.75. L3Harris Technologies has a fifty-two week low of $200.18 and a fifty-two week high of $265.74.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Ross Niebergall sold 2,988 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $247.93, for a total transaction of $740,814.84. Following the completion of the transaction, the insider now owns 10,340 shares of the company’s stock, valued at $2,563,596.20. This represents a 22.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 7,889 shares of company stock worth $1,800,572. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LHX. Citigroup upped their price objective on shares of L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wolfe Research upgraded L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.00 price objective for the company in a research report on Thursday, October 10th. Raymond James cut L3Harris Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company lowered their target price on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $271.07.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.